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- IEA says recent price weakness may lead U.S. shale firms to reassess prospects; while output might be gushing, profits are not
IEA says recent price weakness may lead U.S. shale firms to reassess prospects; while output might be gushing, profits are not
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Global oil demand growth saw dramatic acceleration in q2, revises 2017 growth forecast up 100,000 bpd to 1.4 mln bpd
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Sees hefty stock draw later in 2017 provided there is strong compliance with OPEC cuts and even if Libya, Nigeria output recovers further
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Oil stocks fell in may to 266 mln barrels above 5-year average, vs 300 mln in april
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Crude output rose by 340,000 bpd in june to highest level in 2017 on Saudi, Libyan, Nigerian increase
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Compliance with cuts 78 pct in june vs 95 pct in may, lowest in 6 months; non-OPEC compliance 82 pct
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